Memphis Gets Its First Ever Bitcoin ATM

Coinsource, the bitcoin ATM service provider, has expanded its bitcoin ATM’s, launching the first-ever into Memphis, Tennessee, according to the Memphis Flyer blog.

The bitcoin ATM is located on the corner of South Dudley Street and Dr. Martin Luther King Jr. Avenue.

According to Sheffield Clark, Coinsource CEO and co-founder, he said:

Many thousands of Americans have begun to realize that bitcoin is becoming a stable payment option and a lucrative form of investment as well.

As bitcoin continues to grow in popularity around the world, so do the number of bitcoin ATMs that are dotted around the U.S. and internationally as well.

Figures from the Bitcoin ATM tracking site, CoinATMRadar.com, it shows that there are currently 858 bitcoin ATMs in total around the world with the U.S. dominating the field with 482. Not only that, but it’s reported that since the beginning of 2016, Coinsource have installed 1.2 bitcoin ATM’s per week.

At present, Coinsource is leading the way with the number of bitcoin ATM’s as it currently has 60 of them located across eight states including New York, Louisiana, and California.